Quaterra earns $2.9M in stock offering

7:51 PM,
Sep. 17, 2013

Written by

Quaterra Resources Inc. on Sept. 13 announced the successful closing of its private placement offering, a nonpublic stock offering, previously announced on Aug. 9 and Sept. 5, for gross proceeds of $2,981,000.

"This is a tremendous outcome for Quaterra and demonstrates the continued support of our shareholders as we continue with further exploration and development of our mineral property portfolio," said Steven Dischler, president and CEO. "This successful equity financing allows us to focus on monetization of non-core assets while advancing our Yerington Copper projects. In ...